About Meade Realty Auction Services

About The Auction Marketplace

The Unlimited Marketplace:
Auctions allow the public to experience the same type of excitement that is found on the floor of the commodities exchange. After the fervor of the event, sellers know their merchandise sold at prices truly representative of market value, and buyers walk away knowing they paid an amount only one bid higher than what someone else was willing to pay. Everyone wins at an auction. The auction is not a new marketing method. The first English reference is found in the 1589 Oxford English Dictionary. Evidence records auction activity as early as 500 B.C. and during the Roman Empire. Although auctions are fun, the reason they have been successful for thousands of years is that they work. It's hard to imagine anything today that cannot be sold at auction. The traditional auction merchandise that immediately comes to mind is expanding to include new types of commodities. Real estate, automobiles, personal property and estates previously overlooked are all a part of today's auction industry.The Seller's Marketplace:
Converting property, possessions or inventory to cash quickly is a major benefit of the Auction Method of Marketing, but sellers also want to be assured they will get a fair market value. That's why an auction is the best tool to meet that goal. No less important is the flexibility of the auction method. The customer decides when and what to sell. Well-trained auctioneers use established and successful procedures to ensure maximum benefits for the seller. Before the auction takes place, the auctioneer meets with potential seller to see what is to be auctioned and explain the services available. During this meeting, the auctioneer will ask questions to determine the seller's expectations. The auctioneer takes great care to make sure the auction conforms with public license requirements, meets the legal requirements of governing bodies as to sale & use as well as meeting the needs of the seller.The Buyer's Marketplace:
Auctions are an excellent marketplace. Buyers actually determine the final price and market value of the items purchased. For first-time buyers, an auction may appear to be a confusion of people and merchandise, but once they become familiar with procedures, they realize it's more like a well-rehearsed symphony. Buyersare provided all the information needed to become informed bidders and realize the auction market sets a fair and reasonable price for property. During the auction, auctioneers stand where they can be easily seen and often use a public address system. As increasing bids are received, the auctioneer's rhythmic chant becomes a series of prices. Filler words are used to maintain a pleasant flow to the chant. Information about auctions can be found in newspapers, sales bills, brochures, etc., as well as the Internet.Auctions - The Ultimate Marketplace !!!!